Change is always difficult in the corporate world. Never more so than when it's a technology-based shift. That makes this story about Haier - a Chinese white goods manufacturer- all the more incredible. Their entire business strategy now operates around a concept not yet fully launched: The Internet of Things (IoT). They describe their new model as "intended to foster co-creation and win-win solutions for employees and customers".
Today, the world has, of course, passed that turning point. No longer do successful companies compete through their brands. Instead, they compete through platforms — or, put another way, through linkages among independent enterprises, aligned via their interoperable technologies and their creative efforts. Another economy is about to emerge now, with similarly broad effects. It revolves around the Internet of Things (IoT), made up of networks of human and technological activity embedded with sensors, robotics, and artificial intelligence. When the IoT is fully in place, successful enterprises will compete through ecosystems.